Well Off Podcast

Gavin Cheung is Vice President of CentreCourt. He oversees major condo developments like “The Forest Hill Condominiums”, “55 Mercer”, “Transit City” and several other projects.  CentreCourt is one of the top developers in the Greater Toronto Area. On this episode, we discuss:

His responsibilities as Vice President, including acquisitions and negotiations

Transit City (Vaughan) and their partnership with Smart Centres REIT

Development plans in Vaughan, ON

COVID construction and sales challenges for new condos

Current state of the economy and sales numbers for new condos

You can reach out to Gavin by visiting centrecourt.com

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Oliver Manalese runs a leadership consultancy. He helps successful entrepreneurs who feel spiritually bankrupt build a purpose-driven lifestyle business. The focus of Oliver’s work is getting clients from overwhelmed, burnt out, and disconnected, to building a life and business that is meaningful, satisfying, and makes an impact On this episode, we discuss:

Having a corporate job, making good money and deciding to leave that behind

Starting an RTO investment business at 23 years old

Becoming a coach

Helping entrepreneurs identify a sense of being

You can reach out to Oliver by visiting https://olivermanalese.com/

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Scott Dillingham has helped thousands of investors qualify for rental property financing. As the owner of LendCity Mortgages, he’s created an “unlimited investor property purchasing roadmap”, all with A lenders. On this episode, we discuss:

CMHC Flex Down program (downpayment rebate on property purchases)

Credit union financing vs traditional banks

How to get unlimited property financing with the best rates

Mortgage penalties and how to avoid surprises

You can reach out to Scott by visiting https://lendcity.ca/

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Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property.  His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate.  He’s also the host of the top-rated podcast – Passive Real Estate Investing. We discussed:

Buying his first rental at 18 years old

Moving to California in 1998 during the dot com era

Investing out-of-state and what he looks for

Having a top down approach (identifying a market, a neighbourhood then the property)

5 key people to make out-of-state investments possible

You can reach out to Marco by visiting https://www.noradarealestate.com/

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Pierre-Paul is a multi-unit real estate investor that focuses on apartment buildings. He is a former CMHC multi-family underwriter and has a portfolio of 130 doors valued in excess of $20M. He has analyzed hundreds of apartment deals in three provinces and three territories. On this episode we discuss:

Growing up in a family of 12 children

Working with CMHC as an underwriter

Three ways to make money in multi-units

Advantages of large multis and the margin for error

The important of your reputation with multi-unit lenders

Expected financing/acquisition expenses

Pros and cons of conventional vs CMHC insured multi-unit loans

You can find out more about Pierre-Paul by visiting https://www.multifamilyinvestingcanada.com

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Kaush is a Chartered Professional Accountant (CPA). After the birth of his daughter, he realized that he didn’t have a solid plan for his family’s financial future, so he turned to real estate investing. He joined REIN and spent the next 5 years building a real estate portfolio of 11 properties! In 2019, at the age of 42, Kaush was able to replace his income and leave his job to become a full-time real estate investor.  On this episode, we discuss

Working at a golf course at a young age, being around successful people all the time

Becoming a CPA

Joining REIN and realizing he can build wealth through real estate

Buying his first rental property in 2014

Purchasing 2-3 properties per year after his first

Retiring in 2019

His recent infill development project to build a purpose-built duplex using a modular building

You can reach out to Kaush by emailing him at: [email protected]

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Russell Westcott is a husband, father, real estate entrepreneur & author known as the #JVJedi. He built his first million-dollar real estate portfolio within his first year of real estate investing. Russell is also the co-author of 2 best-selling Canadian real estate books. On this episode, we discuss:

Growing up in a small town in Saskatchewan

Buying an investment property before a primary residence

The JV Jedi mindset

Giving without expectation

Always looking to create a win for your partners

Understanding the emotional side of your partner’s goals

Russell’s ABC model (attract, build, create)

You can learn more about Russell by visiting https://russellwestcott.com/

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Cherry Chan is an accountant that started her career in 2003.

She joined The Rock Star Real Estate family and specializes in working with real estate investors, developers, property managers, contractors, realtors and small business owners. On this episode, we discuss:

Her top cloud based accounting apps for real estate investors (Plooto, Wagepoint, Quickbooks Online, Hubdoc)

Corporations and joint ventures

Incorporation for realtors, who should do it?

Advantage of using corporations for buy and hold vs flipping

You can learn more about Cherry by visiting http://realestatetaxtips.ca/

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Tom Karadza is the co-founder of Rock Star Real Estate, a brokerage I worked for in the past. He and his brother have built a business around helping real estate investors find great opportunities. I had the pleasure of speaking with Tom about:

Inflation and the economy

The importance of buying assets

Why he quit his job

How Rock Star Real Estate came to be

The advantages of being Canadian

Qualifying for mortgages at this stage of his life

The Last Dance documentary

You can learn more about Tom and Rock Star Real Estate by visiting https://rockstarinnercircle.com/

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http://welloff.ca/

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Dana Kandalaft is the founder of the NFP organization Tight Knit Syria, which she started after a spontaneous trip into northern Syria. Dana's parents moved from Syria to Canada in 1990 where she was born and raised. Tight Knit Syria contributes to a solution to the refugee crisis in Syria while staying connected to her parents' homeland. Whether she is in the Middle East or in Canada, or anywhere in the world, her focus is to help build community, contribute to a sustainable future, and help create an economic bridge for women in refugee camps. We discuss:

Summer trips to Syria as a child

Bridging the gap between Canada and Syria

Providing income opportunities to 25 women that live in a Lebanese Refugee camp

Facilitating business opportunities, teaching computer literacy and transferrable life skills

The Lebanese explosion and the impact on the refugee camp

You can learn more about Dana and Tight Knit Syria by following her on instagram @TightKnitSyria 

Subscribe and review today!

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http://welloff.ca/

https://www.instagram.com/welloffx/